The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-12-02

EXCHANGE.
New York and cities north and cast, on de.
mand, g. discount buying, par selling; New
York aud principal cities north and east,
three days grace, 81 discount buying, par
selling; New Orleans, 81 discount buying,
par selling
Nothing Of interest developed at the stock
call board meeting yesterday, and but little
change appeared In bids and offerings. The
election, which will take place next Monday
for president and other offices Of the Mem.
phis City fire and general insurance COM
pany has caused inquiries for stock Of that
banking institution aud at an advanced
price.
The local cotton market advanced Lice
today and closed firm, with sales 3 800 bales
Spots advanced lice nj New Orleans and tut
urcs closed steady and up TO points. Al
Liverpool business was fair AZ unchanged
prices and spots advanced I'd ON all grades
except middling uplands and Orleans which
were unchanged; futures advanced point.
The New York market closed steady at an
advance Of lice December futures al.
Yanccd point. and the other months 3 10 8
points &. l.. Greene & Co.'S report on cot
ton futures says ''rhe market was active and
excited, but again closing very well; sus-
tanned i@5 points above last evening, aud
590 points under the highest Of the day."
A Manchester spinning cotton bear, writing
10 the Guardian Of that city says Gould
the spinner obtain an advance In yarns com.
monsuFsic With the advance In cotton, then
bis position would not he much altered Hut
such an advance he finds II impossible to get
only In cases Of very smnil lots, which
form but atractional portion Of his consump.
ton. The position, then, Of the spinner II
that his resources are being drawn upon on
the one hand by the cotton manipulation and
on the other by the yarn merchant, while
his chpiial IL being made beautifully less
Now this state Of things can be- altered. By
concerted action the spinncn may max,
themselves masters OF the situation, fact
which was verified few months ago, when
BY judicious absiention frum cotton buy
Ing, We brought cotton down TO IT. norma
value. Let us, as body, then, Use the SAINT
wisdom and WELD the same weapon In ih'
present case. let us run short time aud ~
ducc the consumption Of cotton. and thcrch,
rob Il of its present fictitious value"
AZ New Orleans sugars are active opcI
Kettles are especially In good demand an,
eel readily for refining purposes. Centrif
ugals are also In good demand ycllows AM
seconds especially being wanted. Mola,sc
CONTINUES dull aud easy, aud rice remain
quiet o. ever, buyers holding of In the hop
81 breaking down prices. The local genera
markets are comparatively unchanged, will
meats and Lard strong and advancing.
IMPORTS.
One hundred and sixty brls apples 900 IL
bafgnF, ~ pkg. butter rs rolls hargiur
~ pkgs bacon. 9ls pkgs boots and shoe,
Go bu corn, Oo pkrs cheese. ~ sks coffee
s,bN SIS cotton seed. n cars cotton. o. pkg
dry goods, ~ pkrs efWs, I ,b55 brls Hour, ~
bales hay, pkg hats, . head hogs, q hcal
cattle, iOUD feet lumber. ~ pkrs liquor,
100 brls meal "a hfls molasscs, II cars por
side, 20 brls sugar, 2,3 pkgs tobacco an
l,aQ bu wheat.
IiEvATon rrronrs.
The following shows the amount ~ rrii
received, withdrawn and in store by rcguln
elevator, NJ reported 81 the Merchants cx
change today. Wheat in store, go hu
Corn received, loo bu; withdrawn, -,
hui In store, i,0s bu. Oats received. 70
bui withdrawn 800 bu, In store, as, i65 bu.